How to facilitate efficient blue carbon trading? A simulation study using the game theory to find the optimal strategy for each participant

Research on subject behavior choice of marine carbon sink projects under risk conditions

“…(3) Because of the significant impact of risks faced by practitioners due to demander's behavior choices in purchasing marine carbon sinks, it is necessary to reduce the risks faced by practitioners and thereby increase the willingness of the demander to buy marine carbon sinks. During the development process of marine carbon sink projects, relevant practitioners may face various risks such as invasion of diseases, pests, and alien species; natural disasters such as storm surge; inadequate government support policies; and high project development costs (He et al, 2023a). In this regard, the government should further improve the construction of a network system of marine climate observation, form a comprehensive observation and monitoring capacity of key elements of marine carbon sink development, and carry out an in-depth observation, early warning, a comprehensive investigation, and an evaluation of storm surge, waves, red tide, and other disasters, so as to provide technical support for effectively preventing natural risks of marine carbon sink.…”

“…Zhang et al used the complex network evolutionary game, based on the assumptions of the WS small-world model on social network relationships, focused on the groups of fishermen, and explored the dynamic evolution law of cooperative behavior diffusion in the development of marine carbon sink fisheries (Zhang et al, 2023a). He et al determined the decision of each entity to maximize the efficiency of blue carbon trading in the game between the demander, supply side, the government, and third-party institutions, and pointed out that high or low prices cannot achieve the goal of long-term blue carbon trading (He et al, 2023a). After constructing an evolutionary game model between the government and the supply side and demanders of blue carbon, Cao et al combined specific cases of blue carbon credit and found that changes in government subsidies at different stages of the blue carbon trading market can promote the success rate of blue carbon trading (Cao et al, 2022).…”

Blue carbon development in China: realistic foundation, internal demands, and the construction of blue carbon market trading mode

“…They recommended implementing established methodologies and certification standards for ocean carbon sinks and actively exploring financial innovations in blue carbon. Additionally, scholars have explored various issues related to blue carbon, including its necessity (Sutton-Grier and Howard, 2018), the potential for developing blue carbon sinks (Macreadie et al, 2019;Zeng et al, 2021;Gao et al, 2022), development models (Cisneros-Montemayor et al, 2021;Yu and Wang, 2023), trading mechanisms (Cao et al, 2022;Wang et al, 2022;He et al, 2023), and development strategies (Herr et al, 2017;Jiao et al, 2018;Wan et al, 2021).…”